Tag Archives: OTE

March 21, 2018EconomyComments Off on Deutsche Telekom to buy additional 5% stake in Greece’s OTE Telecom

Deutsche Telekom will acquire a 5% stake in OTE, Greece’s biggest telecommunications operator, the Greek privatization fund said on Wednesday. The German telecommunications company already owns a 40% stake in OTE, Greece’s former national monopoly. Last month Greece launched a tender to sell a 5% stake in OTE as part …

February 15, 2018EconomyComments Off on Greece opened tender for 5% sale of telecom giant OTE

The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

June 7, 2016EconomyComments Off on Lenders’ Water Torture: Two Privatization issues delay Greece’s Program Review & bailout tranche

Greece and lenders are just a couple of steps away to conclude the Greek Program Review and have the 7.5-billion euro bailout tranche arrive in Athens and from there have 90% of the loan turn back to lenders. The Euro Working Group did not close the Review yesterday, Monday, but …

Ten years after the discovery of the scandal and judges have finally took the decision to refer 64 suspects to stand trial over bribes paid by German giant SIEMENS to secure a public contract. Among the 64 suspects are 13 German nationals, executives of the parent company. According to the …

More than 18,000 candidates sent their CVs to OTE after Greece’s biggest Telecommunication Company announced 390 job vacancies for salespersons. What if the salary is the minimum wage of just 580 euro gross per month. i.e. some 480 euro net. With more than 1,3 million people without job, unemployment rate …

I got a phone call this morning. A friendly woman’s voice was informing me that I had won a vacation package by a tour operation “XY-whatever”. When I asked her where did she get my phone number and how comes that I win a vacation package, she told me “it …

Feeling like reading about another alleged bribes scandal? Bloomberg has it. And Yes, it involves another state company. The Hellenic Telecommunications Organization OTE. According to Bloomberg, it involves the New York-based Comverse Technology, a voice-mail software maker, currently under investigation for Foreign Corrupt Practices Act by the US Justice Department. The …